What is Enterprise Resource Planning (ERP) and Accounting?
Also, read ERP and Accounting Benefits. Enterprise Resource Planning (ERP) is an integrated information system that serves all departments within a business and helps manage all the important parts of a business. ERP is best described as a relational database software package that supports a company’s business processes and operations, including; finance, accounting, accounts receivable, accounts payable, sales order processing, purchase order processing, inventory control / management, manufacturing, human resources, payroll processing and much more. The goal of an ERP solution is to have one single integrated system for the entire company. Cloud ERP is an effective approach that most businesses implement to enhance their productivity and performance. It is known as a systematic approach that most industries use to organize resources, as well as, improve efficiency, business processes and performance. Also, the information made available through an ERP system provides improved visibil
